Former Enron accounting chief Richard Causey pleaded guilty to securities fraud Wednesday for his role in the financial scandal that drove the energy company into bankruptcy in 2001.
Causey is expected to cooperate with prosecutors seeking convictions of his former bosses, Enron founder Ken Lay and ex-CEO Jeff Skilling, who face charges of fraud and conspiracy from the scandal that rocked corporate America in 2001. The two men were due to go on trial with Causey next month in Houston.
Speaking to reporters in Houston, Causey’s attorney Reid Weingarten said Causey “will tell the truth” about his actions at Enron, though he didn’t specify what evidence his client might provide against Lay and Skilling.
Causey, who had been facing multiple counts of conspiracy and fraud charges, entered his plea before a federal judge overseeing the case in Houston.
